Long term capital loss in the stock market

Hi,
To simplify my query, I have divided into smaller questions as below:
Q1. My first question is about the long term capital loss. I had a stock for years and was waiting to exit but ultimately had to exit in this financial year with a loss of 6 lac.
Now just wanted to if that can be adjusted against the total income of the year which includes Salary and Rental income and I can get some tax benefit.
Q2. I fall in the 30% tax bracket, what will be the net % of tax, I need to pay on the short term capital gain from Stock market while calculation of the income tax.
Q3. I had some stock options of a company which vested two years back but I exercised a percentage of those options in this year(Stock options and not RSU). The amount which I will get, can that be adjusted against the long term capital loss which happened in this financial year?
Thanks a lot,
-manoj

Asked 15 days ago in Capital Gains Tax from hyde, Telangana

Hi Manoj
1. No. LTCL can be set off only against LTCG.
2. STCG on STT paid stocks are taxed @15%.
3. No.

Hi Abhishek/Lakshita,
Thanks for replying. Quick follow up question below. Please let me know.
Q2. I fall in the 30% tax bracket, what will be the net % of tax, I need to pay on the short term capital gain from Stock market while calculation of the income tax.
Answer: 2. Tax on short term capital gain in case of equity shares has to be paid @15%.
[Manoj] Does it mean that the net tax is going to be 15% on short term capital gain from stock market irrespective of which income slab you fall? Please confirm.
Q3. I had some stock options of a company which vested two years back but I exercised a percentage of those options in this year(Stock options and not RSU). The amount which I will get, can that be adjusted against the long term capital loss which happened in this financial year?
Answer: No
[Manoj]: This income by selling the stock options will attract how much income tax for a 30% income bracket person?
Thanks,
-manoj

Asked 14 days ago

Hi
2. Yes. It will be taxed @ 15%.
3. The difference between the sale price and FMV as on the exercise date shall be taxed as STCG @ 15%. In addition, the difference between the exercise price and FMV as on exercise date shall also be taxed under respective heads; e.g. under salary if these were ESOPs.

Hi Manoj,
1. Yes, net tax is going to be 15% on short term capital gain from stock market irrespective of which income slab you fall.
2. Please let me know if those RSU stock are listed in any Indian stock exchange or not.
Please feel free to call/ revert in case you need more clarity.
Thanks and regards
Abhishek Dugar
CA CS B.Com

Hi Abhishek,
Thanks for the reply. Follow up question on the 2nd point below:
<<
Hi Manoj,
1. Yes, net tax is going to be 15% on short term capital gain from stock market irrespective of which income slab you fall.
2. Please let me know if those RSU stock are listed in any Indian stock exchange or not.
Please feel free to call/ revert in case you need more clarity.
Thanks and regards
Abhishek Dugar
CA CS B.Com
>>
These stock options were of a start up and they are not listed in any stock exchange at present. The company decided to let the ex-employee monetise their 10% of the vested stock options. Maybe one of the investor in the start up is funding this monetisation and increasing his stake. So in the end it will be treated as the ex-employee has exercised X% of their vested stock option at a price recommended by the company and they will transfer the amount to the ex-employee account.
Please let me know if my query is clear.
Thanks.
-m

In case of unlisted shares, LTCG will be at the rate of 20% and STCG wil be at the rate of 15%.
Please feel free to call/ revert in case you need more clarity
Thanks and regards
Abhishek Dugar
CA CS B.Com

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